Great Value Overlooking Lake Edina
Where: 4904 Poppy Lane in Edina
What: 4 BR/3BA walkout rambler with 4,200 FSF and pool overlooking Lake Edina
How (much): $699k
Who: listed by Steve Stewart; broker is Edina Realty
Historically, homes in Edina enjoyed some of the best appreciation in the Twin Cities — and weathered economic downturns much better.
Not this recession — especially for upper bracket Edina homes (and true of upper bracket homes throughout the area).
Exhibit A would be this sprawling rambler overlooking Lake Edina.
Originally listed at $1.1 million a year ago, the price was just reduced Monday from $825k to $699k — now a whopping $180k below the tax assessed value ($880k).
I saw the home earlier this Spring, and thought it was a value $100k higher!
